Jakub Porzycki | Nurphoto | Getty ImagesTemu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run.The company, owned by PDD Holdings, skyrocketed to prominence...
Category: News
Wall Street loves Disney’s kitchen-sink quarter, but Nelson Peltz says he isn’t backing down
Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC's Andrew Ross Sorkin on July 17, 2013 in New York.Heidi Gutman | CNBC, NBCU Photo Bank, NBCUniversal via Getty ImagesAre you not entertained, Nelson Peltz?Disney shares jumped 6% in after-market trading Wednesday after the company posted earnings...
McDonald’s and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while
People dit at McDonald's outdoor seating after going out on a Saturday night along Rothschild Street on June 11, 2022 in Tel Aviv, Israel. Alexi Rosenfeld | Getty ImagesMcDonald's and Starbucks, two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last...
Fourth-quarter earnings are shaping up to be the best of 2023, but there’s a catch
Traders work on the floor at the New York Stock Exchange on Feb. 1, 2024.Brendan McDermid | ReutersHere's how big of a surprise corporate profits have been this earnings season: The fourth quarter is now shaping up to be the best of 2023.Despite ongoing macroeconomic concerns that have hampered demand...
Starbucks earnings disappoint as U.S. boycott, ‘cautious’ China weaken sales
A Starbucks coffee cup sits on a table at one of the coffee chain's locations in Miami, Florida, on June 11, 2021.Joe Raedle | Getty Images News | Getty ImagesStarbucks on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectations as both domestic and international sales fell short...